Tue, 6 April 2021
Mike didn't have any money to invest when he got started buying rentals. He built his rental portfolio using a lot of debt. After paying the mortgages, repairs, and other expenses he wasn't making much money.
After building up equity for 9 years, he figured out that if he sold some of his rentals, he would end up with a portfolio of free and clear rentals.
Today he has very little leverage on his portfolio, and all of his rentals generate really great cash flow.
On this episode, we talk about how he built his portfolio and talk about his strategy to pay off his remaining rentals.